Watch them squirm, pocket their billions spent on lobbying, and then say „sorry no“ and ban them from all public procurement processes, in all countries in the EU.
In 10 years, Europe will be a software superpower.
I wonder where those numbers come from? I'm an entry level dev and make €60k a year here in Germany. Where do people pull those numbers from? I'm fairly certain that those are salaries paid by _some_ companies, but that those aren't realistic salaries let alone representative of the EU. Also, I saw many people referring to such numbers for devs in east European countries and completely failing to factor in the dramatically lower cost of living.
TL;DR: European senior devs certainly don't make as much as their FAANG counterparts (most U.S. based seniors probably don't make that much either) but €40k isn't a usual senior salary in most (west-)european countries.
No, US devs really do make a very large amount of money. Both the mean and median wage in US are over $100k. That number is probably on the low side too, as the government BLS data doesn't seem to account well for stock grants, bonuses, and benefits.
Thank you for sharing, thats actually quite impressive!
The numbers I found for Germany seem to support my initial comment at least from a German point of view. The median software developer salary in Germany is €62k ($70k) [0]. Seeing that high of a median in the US is quite impressive. Do high salaries like those usually include benefits like healthcare?
Yes, those salaries will generally include by health insurance- the overwhelming majority of full time US workers do have access to health insurance through thier employer (https://www.bls.gov/news.release/pdf/ebs2.pdf). The number tends to go higher as you get out of low wage, low margin industries like food service.
Many employers (and probably most direct employers of software engineers) will also offer additional benefits like subsidized tax advantage retirement savings plans (401k's, very common), wellness/fitness programs (common, but varied in extent), or subsidized stock purchase programs (less common.) Those benefits can easily add up to an extra 5-10% of income.
I'm getting paid €35k here, for a robotics position that's more senior than junior at this point. Germany, Netherlands, Belgium and Denmark tend to have slightly higher wages but the rest of us get paid jack shit.
In the US you could pull in $100k or $120k easily. But then you'd have to live in the US, which is a major downside to be sure.
> In the US you could pull in $100k or $120k easily. But then you'd have to live in the US, which is a major downside to be sure.
I think that is another factor that is under-appreciated. Many people seem to completely ignore the cost of living in the area surrounding the company and the country in general.
A friend of mine had an exceptional start into his career, money and skill wise. He is quite possibly the smartest person I've ever met in person. Three years into his career he got quite a few very very attractive offers from US based companies offering him an attractive relocation package as well as a significantly higher salary. He denied all of those, telling me that all the money they could offer would not justify the awful work life balance that would be a result of those positions.
I think that is a perspective that many people seem to lose, mainly because our culture tells us to "work hard" (although the degree of that seems to differ dramatically). But it also goes to show that Europe might be competitive by "idealistic" standards, but not at all when it comes to market standards. And the market standards will only continue to get worse when looking into the structural changes in important industries like automotive.
>I'm an entry level dev and make €60k a year here in Germany.
You're not getting 60k as an entry level dev in most of Europe though. I'm middle level in Austria and barely make above 50k. I know in high CoL big metro areas like Munich and Amsterdam you can make way more but the real estate market in those places is currently broken though IMHO.
Your compensation will depend more on working for top international companies that can scale internationally and extract value at that large scale, rather than the country itself though.
And Austria, has in general, almost no top international SW companies, just mom and pop shops that only serve the small local market, so the pay is junk.
I think one issue is that the definition of Europe varies wildly when taking colloquially, that 40k figure can be valid in parts of Southern Europe. Although the market has shifted massively in the past few years so you can shift that figure to 60 or 80k even in the south for senior roles.
Even at the upper averages though these numbers still aren't really all that competitive. As a single data point, I'm earning 2-3x the local market rate in Europe (170k) by working for a US startup remotely.
> Even at the upper averages though these numbers still aren't really all that competitive. As a single data point, I'm earning 2-3x the local market rate in Europe (170k) by working for a US startup remotely.
That seems like a fairly popular option nowadays which is not surprising given the fairly unattractive local market. But I'm interested, how does it work after taxes and social security contributions? I've been looking into that here in Germany, but the headache that comes with working for a remote only company does not seem worth the higher salary (at least not for entry level positions).
My setup is through a local company who manages taxes, employment rights etc. for me (a professional employer organization) so there's no practical difference compared to being employed locally. Everything is above board and I don't have to file any extra tax returns myself.
From what I understand the premium for the actual company I work for though is around 10% of my salary.
Not to mention, money per year is a bad metric for how attractive a job is.
Americans work much more hours than Germans[1]. I heard about a guy in the Netherlands going back from the UK because even if the pay was good, they wanted him to work overtime.
I'd say purchasing power per hours per week is a better metric. (This anecdote was very likely about London specifically, checking the source below I noticed how UK on average is on the short side of workweeks with Netherlands.)
"Work smart, not hard." Seems to me something American employers don't get, they'd rather have you work inefficiently for prolonged periods of time than let you do hard work for a few hours. It's kind of proven that most people burn out and stop being efficient after as little as 30 minutes, there, a short break gets you up and running again, but this has a limit before you totally burn out for the day. So it's not even in their best interest to force you to work a lot.
And I much rather work with someone that knows what's good for them, it means they are less likely to make insane requests like forced team work.
Nevermind that, imagine working to a corporation that makes you think of them as "family". I don't know how often corporate culture like that you will encounter in America, but it is there to some extent. And if worst comes to worst, can you be picky?
Here's a source for national workweeks, maybe not every job is considered there, but seems like a good rough estimate that corresponds to people's anecdotes.
Doesn't really make sense. The US is still producing new unicorn companies, so you can't claim Europe wasn't able to do that because of the US monopoly. Since those are new services, there was no previous monopoly, as the kind of service didn't exist.
There are some pretty successful startups like Wolt recently, but they inevitably get bought out and taken over by american captial. So there is nothing because as soon as it becomes something it's no longer ours lmao.
EU invested a billion EUR into creating a Google alternative some years ago. Naturally, nothing was ever heard from the project again. Such things happen on a regular basis. Money shortage is not the problem.
There are also many big companies, for example VW could have bought some AI startups or Uber competitors.
Banning specific companies is silly because then the next big company not on that list will just do the same thing they did.
Just set general policy. If you require open source and open standards etc. then microsoft could play too in principle, but they probably won't anyway.
Threatening with doing something you are already doing, is not very effective leverage.
The American trade war on the EU, started by the US in 2018, is technically still in effect until January 1, 2022. The decision to end it was made only earlier this month.
Yeah right, with all the restrictions and regulations EU will never touch anywhere near "superpower" territory, ban anything you want, even with toughest protectionism (which is always bad) EU lacks manpower, knowledge and education for sufficient IT sector development.
Software developers like (as one might assume) to earn money and immigrate to US on first possibility or job offer, where there is ongoing boom in innovation and development, where companies compete to hire them, nobody likes to be suffocated with heavy EU taxes and get lower salary because main competitors are banned.
Ban FAANGs from public procurement in the EU.
That‘s it.
Watch them squirm, pocket their billions spent on lobbying, and then say „sorry no“ and ban them from all public procurement processes, in all countries in the EU.
In 10 years, Europe will be a software superpower.